HomeMy WebLinkAboutResolution - 2009-R0401 - Amendment To Contract - NELCDC - HOME, Down Payment Closing Cost Program - 09/24/2009Resolution No. 2009-RO401
September 24, 2009
Item No. 5.20
RESOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the Mayor of the City of Lubbock BE and is hereby authorized and
directed to execute for and on behalf of the City of Lubbock, an amendment to a
Community Development Funding Contract, by and between the City of Lubbock and the
North and East Lubbock Development Corporation for the Down Payment Closing Cost
Program from the Home Investment Partnerships (HOME) Program and all related
documents. Said amendment is attached hereto and incorporated in this resolution as if
fully set forth herein and shall be included in the minutes of the City Council.
by the City Council this 24th day of September , 2009.
TOM MARTIN MAYOR
TTEST:
Rebecc Garza, City Secretary
V F.D AS TO CONTENT:
ill Howerton, Jr., Community Devement Director
WED AS TO FORM:
y
:cdocs/res-Amend-N&E Lubb Down Payment Closing Cost Prog-HOME.
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STATE OF TEXAS
CONTRACTOR OF LUBBOCK
1►to] l
Resolution No. 2004-80401
TO COMMUNITY DEVELOPMENT FUNDING AG
F1113 -11 u,
This amendment to Agreement is entered into this 24th day of September 2009
between the City of Lubbock, a Texas municipal corporation (hereinafter called "the City")
and North & East Lubbock Community Development Corporation a non-profit corporation
(hereinafter called "Contractor").
WHEREAS, the Contractor and the City have previously entered into an Agreement
dated October 25, 2007 (hereinafter called "the Agreement"); and
WHEREAS, the City and the Contractor hereby desire to amend said agreement.
NOW THEREFORE, the City and the Contractor hereby agree to amend the
Agreement as follows:
1) Paragraph II Time of Performance of the Agreement is hereby amended as
follows:
Services of the Grantee shall start on the I" day of October 2007, and end on
the 30th day of September 2011. The terms of this Amendment and the
provisions herein shall be extended to cover the period of affordability
required as specified under 24 CFR 92.254 and any additional time period
during which the Grantee remains in control of HOME funds or other assets,
including program income.
2) This amendment to the Agreement shall be effective upon execution. The
remainder of the Agreement shall remain in full force and affect except as
changed herein.
2007-08 HOME Funding Contract Amendment
North & East Lubbock Community Development Corporation
Page 1 of 2
Executed the 24th of September 2009 as first written as affected as provided herein.
CITY OF LUBBOCK
Au- //, ram
TOM MARTIN
MAYOR
ATTEST:
Rebedca Garza, City Secretary
[ & EAST`LlJ§ {
VELO� LO
DAVID LANGSTON"
BOARD CHAIRPERSON
Federal I.D.# I/ - oq6 I ( 0
APPROVED AS TO CONTENT:
Bill Howerton, Jr., Comm evelopment Director
17
APPROVED AS TO FORM:
'Arny ims, Asst ity Attorney
2007-08 HOME Funding Contract Amendment
North & East Lubbock Community Development Corporation
Page 2 of 2
TION